Verras Ltd. (Verras) was founded in 1983 and has been providing analysis and services to hospitals for over 25 years. Verras has developed a unique, experience-based, clinical process improvement (CPI) method that enhances the quality and cost efficiency outcomes of physicians’ practice patterns and hospitals’ service lines.

Verras provides hospitals with risk-adjusted data to implement physicians’ ”Best Practice Improvements” that objectively improve all measures of clinical and financial outcomes. Best Practices are becoming increasingly more important as greater percentages of hospitals’ reimbursements are fixed at ever decreasing levels.

Public and private payers reimburse only a portion of hospital charges, and continue to negotiate lower reimbursement rates each year. As a consequence, physicians, whose ordering patterns deploy the majority of each hospital’s resources, need clinical information to reduce variations in their practices and concentrate their efforts on using only the appropriate resources for each of their patients. When these changes in practice patterns ensue, quality is invariably improved as is the more efficient consumption of the hospitals’ resources. These changes create a desperately needed positive impact hospitals’ bottom line. This is important to physicians as well as hospital administration because without profits, the hospital cannot purchase new equipment and pay the nursing staff needed to practice the highest quality of medicine that physicians are trying to achieve.